$RED
BEARISH SETUP UNDER KEY RESISTANCE ๐ป๐
$RED is currently trading at $0.2916 (-1.09%), showing signs of weakness after failing to break above resistance. A bearish move looks likely if momentum doesn't shift soon.
๐ Key Levels:
Resistance: $0.3050 ๐ซ | $0.3100
Support: $0.2800 โ | $0.2678
Current Price: $0.2916
๐ Bearish Trade Setup:
Entry (Short): $0.2920
Targets ๐ฏ:
TP1: $0.2800
TP2: $0.2700
TP3: $0.2600
Stop Loss (SL): $0.3055
๐ Price is forming lower highs under resistance, and volume is showing slight decline โ indicating selling pressure.
โ ๏ธ Risk Management:
Use proper position sizing โ risk only 1-2% of your capital. Stick to SL to avoid larger losses.
๐ฃ Stay alert, trade smart, and donโt chase!
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